Q&A: My Dad Gifted Me A House, Closing Credit Cards, & Mortgage Worries
Rich Habits Podcast
What is an adjustable rate mortgage and a 2-1 buy down?
Nicole R. asks about ARMs and 2-1 buy downs; Robert explains how ARMs adjust and how the buy down lowers initial rates.
In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!
---
⚙️ Automate your entire financial workflow, from investing to saving, with Sequence.
💰 Visit http://go.getsequence.io/richhabitspodcast to get started today!
---
🔥 Ready for a free 1% match on your IRA contribution or rollover? Sign up for Public and take advantage of that, click here!
---
🏠 Download the Rich Habits Real Estate Hacks, click here!
---
💰 Download the 2025 Wealth-Building Workbook, click here!
---
🚀 Join 700+ other podcast listeners inside of the Rich Habits Network and invest alongside Robert and Austin, click here!
---
⚡️ Sign up for the Rich Habits Newsletter and never miss a market-moving headline again, click here!
---
⭐ Download our FREE Financial Planner – click here
⭐ Download our FREE Budgeting Template – click here
⭐ Earn 3.8% on your savings with a High-Yield Cash Account – click here
⭐ Trade stocks, options, music royalties and crypto on Public – click here
⭐ Automatically buy stock where you shop with Grifin – click here
⭐ Protect your family with term life insurance from Suriance – click here
⭐ Use code “Spotify” for 15% off our 4-module video course – click here
⭐ Optimize your portfolio with Seeking Alpha – click here
---
👤 Explore everything Austin does – click here
👤 Explore everything Robert does – click here
❓ Ask us questions for our Q&A episodes – @richhabitspodcast on Instagram
📬 Inquire about working together – christian@witz.vc
---
Disclosure: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 10/2/25, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.
The AI-powered Podcast Player
